Tags: Religion | retirement | North Carolina | affordable places

Most Affordable Places for Retirees in North Carolina

By    |   Thursday, 11 Jun 2015 04:10 PM

America is facing a retirement boom, and some areas in North Carolina may be ideal for retirement. As the children of the greatest generation reach their "golden years,” they’re often worried about too many years and too little gold. The question always comes up, as you face the long vacation, of what to do when your income might be chopped in half or worse. The recurrent moans of reporters that "Americans have been saving less than ever" are not unfounded: far too much of US equity is in inflated home equity, which may mean that you have to sell off that paid-for property to be able to live a comfortable life in your old age. But once you've sold it, you still have to live somewhere…and it must necessarily be somewhere cheaper than where you used to live. Here are some of the most affordable places for retirement in North Carolina.

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States are now vying with each other to prove that each is the cheapest place for old folks to move to after cashing out their houses. North Carolina is among those states. In fact, TopRetirements.com claims that North Carolina has usurped Florida's place as the top retirement choice in the US, with the cost of living being the predominant factor. North Carolina's low income and property taxes, added to its architectural and social graces (often lacking in Florida), seem to have pulled it ahead of the Sunshine State despite its marginally less-favorable weather. Its plethora of charming towns offer many choices for price-wise refugees form the workaday world.

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Here are a few good choices, culled from competing lists of "Most Affordables." Places with a "high median income" and "low unemployment rate" have been filtered out, since retirees, with their unchanging revenue streams, are not floated by that tide, and may even be swamped by it. (In any case, North Carolina is in the bottom third of per-capita income in the U.S. If you're retired, this is a good thing, as it keeps prices down.)
  • New Bern -The Tar Heel State's second-oldest town offers rivers, beaches, and no fewer than four historic districts. Although it's a long way from Raleigh, the nearest big town, the cost of living in New Bern is 6 percent lower than average for the state, and house prices are low.
  • Monroe - A charming old town with three museums and a university, Monroe can boast of the lowest utility rates in the state, and very modest food costs as well.
  • Thomasville - Another town with low utility rates, Thomasville also features housing costs nearly a third below the median cost for North Carolina. It's an old railroad town with few tourist attractions, but is said to enjoy a strong sense of community, which is vital to the health and happiness of old and young alike.
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America is facing a retirement boom, and some areas in North Carolina may be ideal for retirement. As the children of the greatest generation reach their golden years," they're often worried about too many years and too little gold.
retirement, North Carolina, affordable places
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2015-10-11
Thursday, 11 Jun 2015 04:10 PM
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